Assessment of Financing New Construction 425k € / Overall Financial Situation

If it should ever get tight, you could possibly still deliver newspapers in the morning ... or something like that.

I think before I would invest time in delivering newspapers, I would rather increase my hours in the profession for which I have acquired a qualification. ;)

If it should ever get tight, you can maybe still deliver newspapers in the morning ... or something like that.

Do you really build a house to spend less time with your family and to start a second job? Since the OP doesn't really know how much his house will ultimately cost; with today's construction prices and a hillside plot, it can easily be 500k€+; these are all speculations.

I would anyway recommend going with the general contractor, so you have fixed prices and the architect doesn't suddenly come up with a 10-20% higher invoice...

Do people really build a house to spend less time with their family and to start a second job? Since the OP has no idea how much his house will actually cost in the end; with current construction prices and a hillside property, it can easily become €500k+; all of this is speculation.

I would anyway recommend a general contractor, so you have fixed prices and the architect doesn’t suddenly come up with a bill that is 10-20% higher...

We also built with a general contractor and that gave us quite a bit of planning security and stability in the construction process. Surely that also has downsides but I would do it the same way again anytime. The "uncertainties" around it were nerve-wracking enough for me.

For me, the crux is simply here: "What income do you have (gross/net)? Both tax class I with €2,400 / €2,000 net. For me, as a step backward after changing industry as an entry-level salary with potential upwards, for my partner, rather small increases are expected within experience levels or collective agreement adjustments. For my girlfriend, it will come down to about €1,400 if she works part-time after parental leave." You cannot build a house in that price category with this. No advice like "better build now before it gets more expensive" helps.

Exactly that is the point. Such a change can only fail if I am suddenly privately overwhelmed with building. What if, for €2,000 (the step back was unfortunately not quantified), I have to work a lot of unpaid project overtime? And the girlfriend wants to stay at €1,400 part-time after parental leave? Daycare will surely still cost, and the household income remains < €4,000. The plot is not simple; it would have to be significantly smaller and adapted.

Exactly that is the point. Such a change can only fail if I am suddenly privately overly occupied with building. What if you have to burn through a lot of unpaid project overtime for 2000€ (the setback was unfortunately not quantified)? And the girlfriend wants to stay at 1400€ part-time after parental leave? Daycare still certainly costs, and household income remains < 4000€.

The plot is not easy; much smaller and more adapted building would have to be done.

Maybe I expressed myself poorly. 2,400 € is the starting salary with the new employer. It is currently 2,600 €. So with the new employer, initially 200 € less. All this has already been somewhat timed out. New position 07/01 – start of construction planned roughly for 04/01/22. This means I will be out of the probation period and also settled in with the new employer by then. Overtime will be paid out. So it’s not that I won’t have time for the construction site besides work now. Sure – within a manageable scope. Annual leave will be used for this, etc. This has been taken into account.

… New position 01.07. - construction start planned for, roughly estimated, 01.04.22. That means I will be out of the probation period and also settled in with the new employer. …

There are also employees who find themselves on the street during or immediately after the probation period …